“Despite Mr Carey’s numerous appeals against the original convictions, our pursuit and defence of this matter has been vindicated by the substantial penalty handed down by the magistrate and the awarding of our significant legal costs,” she said.

Ms Driscoll said property transactions must be completely transparent and unethical agents must be punished.

“I hope that the outcome of this court case acts as a warning to others in the real estate industry who may be tempted to bend or hide the truth for financial gain,” she said.

Magistrate Malone denied Mr Carey’s application for a spent conviction when handing down his decision.

Two former Westpoint Realty sales representatives pleaded guilty to related charges in September 2010, were fined a combined $2,750 and were granted spent convictions.

A third sales representative pleaded guilty in December 2010, was fined $1,000 and ordered to pay court costs of $1,180.